JIS News

The 38th branch of the National Commercial Bank (NCB, was officially opened in Port Antonio on Tuesday, July 22 with much fanfare and celebration.
The event marked the return of that financial institution to the town after an absence of several years, during which the Buff Bay branch provided services for the Parish.
The branch, which is strategically located in the town square, is housed in the Old Port Antonio Court House, which has been leased to the National Commercial Bank after being badly damaged by fire in 2004.
The total cost of the refurbishment and transformation of the building is $15 million. The function was attended by a large gathering of members of the Portland business community, representatives of civic organizations in the parish and members of staff of the National Commercial Bank.
Addressing the function, NCB Chairman, Michael Lee-Chin, said the establishment of the branch was done out of a desire to develop a lasting and successful relationship, between the people of Port Antonio and the National Commercial Bank.
He noted that the AIC Group of companies of which the National Commercial Bank is a part has, in recent years been working closely with the people of Port Antonio, to bring economic vibrancy and social development to that town.
Mr. Lee-Chin said some of the initiatives the organisation has already embarked on in that regard, include the construction of a new court house in Port Antonio; working with the Port Authority of Jamaica to develop the coastline of Port Antonio; the construction of a 200-room hotel on Titchfield Hill; and engaging in discussions with various developmental stakeholders in the town to, formulate strategies to improve the appeal and attractiveness of the town.
In exhorting the residents of Port Antonio to support the branch and strengthen the partnership already existing between themselves and the NCB, Mr. Lee-Chin emphasised that that support would be justified on the grounds that NCB, unlike several other financial institutions in Jamaica, keeps all the profit it earns in Jamaica and does not repatriate any of it to other countries.
Mayor of Port Antonio, Councillor Floyd Patterson, welcomed the bank to the town and assured that the institution had the full support and co-operation of the Portland Parish Council, in its effort to promote social and economical development.